M&M surges on introducing all-new range of Thar
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Mahindra & Mahindra is currently trading at Rs. 1306.05, up by 41.10 points or 3.25% from its previous closing of Rs. 1264.95 on the BSE.
The scrip opened at Rs. 1267.00 and has touched a high and low of Rs. 1313.30 and Rs. 1267.00 respectively. So far 159810 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1366.30 on 01-Nov-2022 and a 52 week low of Rs. 671.00 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1274.90 and Rs. 1231.00 respectively. The current market cap of the company is Rs. 162124.74 crore.
The promoters holding in the company stood at 19.38%, while Institutions and Non-Institutions held 66.84% and 13.73% respectively.
Mahindra & Mahindra (M&M) has introduced an all-new range of Thar. The all-new range includes Rear Wheel Drive (RWD) variants in two engine options and enhanced capability in the Four Wheel Drive (4WD) variants. The Diesel variants of the RWD range come powered by an all-new D117 CRDe engine producing 117 BHP and 300 Nm torque (87.2 kW@3500 rpm) with manual transmission. Powering the Gasoline variant of the RWD range is the mStallion 150 TGDi engine producing 150 BHP and 320 Nm torque (112 kW@5000 rpm) with automatic transmission.
The new Thar range starts at an attractive price of Rs 9.99 lakh, making it accessible to a wider customer base of SUV buyers and to those who have always aspired to own this iconic SUV. The Thar offers a highly unique driving and ownership experience, exemplifying the promise of ‘Explore the Impossible.’
The 4WD variant now comes with an advanced electronic brake locking differential, which kicks in more aggressively. Developed in collaboration with Bosch, it will allow off-road enthusiasts to tackle low traction situations with more ease. For those who still prefer the mechanical locking differential (MLD), this will be available as an option on the LX Diesel 4WD variants. The 4WD powertrain line-up remains unchanged. It is powered by the 2.0L mStallion 150 TGDi petrol engine producing 150 bhp of power & 320 Nm of torque and the 2.2L mHawk 130 Diesel engine producing 130 bhp of power & 300 Nm of torque. These engines are offered with a choice of 6-speed manual transmission or 6-speed torque converter automatic transmission.
M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.
